76. If 60% financing is available on a certain income property at a loan constant of 11%, what equity cash-on-cash return is available where the overall rate is 10.6%? A: 5.0% B: 10.0% C: 6.5% D: 1.5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 13P
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76. If 60% financing is available on a
certain income property at a loan
constant of 11%, what equity
cash-on-cash return is available
where the overall rate is 10.6%?
A: 5.0%
B: 10.0%
C: 6.5%
D: 1.5%
Transcribed Image Text:76. If 60% financing is available on a certain income property at a loan constant of 11%, what equity cash-on-cash return is available where the overall rate is 10.6%? A: 5.0% B: 10.0% C: 6.5% D: 1.5%
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